Hedge Funds

Demaine decides to step down from BGI


John Demaine has decided to step down next month from his position as head of alternative investment group at Barclays Global Investors. In what is being planned as an orderly transition, his responsibilities will be taken over by Stan Beckers, who has also been on the team since he joined the firm in the summer of 2004.

Demaine has presided over a period of tremendous growth in the hedge fund business at BGI, the San Francisco-based firm better known historically for its index products. Assets on the hedge fund side, which was first started in 1996, have grown steadily